Completio of Mii-Mill Balakovo Sale
July 25, 2019 PAO Severstal, one of the world’s leading steel and steel-related mining companies, announces that it has completed the sale transaction of Mini-Mill Balakovo to Abinsk Electric Steel Works LTD. The consideration of the transaction is $215 million. The sale of Mini-Mill Balakovo will enable Severstal to focus fully on steel production at…